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Message: <blockquote data-quote="bmw4eva" data-source="post: 460602" data-attributes="member: 14423">You forgot Group D: Retirees who cannot get a car loan from any bank, so they have no choice but to buy a car using cash money(i.e. second hand cars).As for me, I buy my cars cash for two reasons:1.I simply don't want to be bothered with monthly payments. I already have enough monthly bills as it is.2.If my business takes a nosedive and  need quick cash to recover, I can simply sell one of my cars to get it. Can't sell a car and get cash if the car has a loan on it.Normally, I would have to top up some more.3.I don't want to be clobbered by depreciation.I bought my E39 for RM46k and my '95 Audi A6 V6 for RM18k.Both my cars are now currently valued at very close to what I paid for them 2 to 5 years ago respectively, meaning I don't lose much in depreciation at all.Imagine if I bought a new Proton 3 years ago?  How much would I have lost in depreciation? You guys can do the math.</blockquote>